Though developed countries have allotted adequate funds to combat climate change risks, Bangladesh has yet to receive adequate financial support, forcing the country to spend money from its own funds, said Finance Minister AMA Muhith at a programme yesterday.
The minister said that the Bangladesh government has been gravely concerned about the severe impact of climate change on the country, especially since the developed countries, whose excessive carbon emission primarily gave rise to climate change issues, were not doing enough to help developing countries to tackle the problem.
Bangladesh cannot combat the issue alone due to a lack of technical and non-technical capability. Regardless, the country has progressed significantly
While speaking as the chief guest at a workshop titled ‘Inclusive Budgeting and Financing for Climate Resilience Project’ at the Pan Pacific Sonargaon Dhaka, the Finance Minister said: “We are investing our own money to combat climate change risks, since we are not getting adequate financial support from the developed countries.”
Planning Minister AHM Mustafa Kamal, UN Resident Coordinator in Bangladesh Robert D Watkins, DFID Bangladesh Chief Alexandra Maclean were present at the event, with Finance Division Senior Secretary Mahbub Ahmed in chair.
Planning Minister AHM Mustafa Kamal said: “Bangladesh is not producing as much carbon dioxide as the developed countries, but the government has still undertaken many initiatives to tackle the problem as it is a threat for humanity.”
Citing the solar energy project as an example, the minister said the government has managed to lower costs to around 60% and was committed to beat the effects of climate change in the country by increasing expenditure on and implementation of environmentally friendly projects.
UN Resident Coordinator in Bangladesh Robert D Watkins said that though Bangladesh was one of the worst affected by climate change, it was not fully equipped to face the problem.
“Bangladesh cannot combat the issue alone due to a lack of technical and non-technical capability. Regardless, the country has progressed significantly. In order to be rid of the risks posed by climate change, the country needs combined initiatives of the government, NGOs and donor communities,” said Robert.
He also suggested that the government should open negotiations in the international arena to garner the aid needed to combat climate change effectively.